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Lamborghini profits in fast lane despite pandemic roadblocks

by LLB Editor
19th Mar 21 7:42 am

Lamborghini today said 2020 was its most profitable year yet despite the coronavirus pandemic battering global economies.

The rise in profits at the carmaker, which is owned by Volkswagen, comes despite a two-month shutdown of its Italian factory during the pandemic.

It sold 7,430 cars worldwide in 2020, second only to the 8,250 it delivered in 2019.

“We were surprised,” said chief executive Stephan Winkelmann.

“We have already covered with customer orders nine months of the year for 2021,” Mr Winkelmann said. “So we are looking at the year 2021 in quite a positive bent.”

He told CNBC: “It’s a bit like with the stock markets: the buyer’s spirits are up. They can’t wait to the moment to get out again and to enjoy life.”

“We have to anticipate also a change of mind of our customers and the enthusiasts as well. This is a very crucial moment for super sports cars, where you have to really set the marks for the future,” Mr Winkelmann added.

Reacting to speculation that Volkswagen could sell-off Lamborghini, Mr Winkelmann said that the “Volkswagen Group is the perfect match for Lamborghini”.


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